Assistant Director, CICB & Institutional Markets ERM

Who We AreCorebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.About the role Corebridge Financial ERM is seeking a highly motivated individual to join the Corebridge Insurance Company of Bermuda (CICB) & Institutional Markets (IM) ERM team, reporting to the CICB/IM CRO. This person will be a key member of the Team and will be responsible for review and challenge of all Financial and Operational risks. The position will interact with multiple other functions including Finance, Pricing, Valuation, Investments, ALM, and Operations as well as other teams within the greater ERM organization. The successful candidate will have the ability to work independently and desire to deliver high quality work.

The role will be based in either New York, New Jersey, Bermuda, or Houston.  It will require some travel as the business is supported from teams in Bermuda, New Jersey, Houston and Los Angeles.

The key responsibilities of this position include:

• Support the Business CRO to oversee the risk management framework and internal controls of the business.
• Risk oversight of key risks within the business.  Carries out review and challenge of the following areas:
  • Product development and pricing, with focus on product feature design and reasonableness of pricing assumptions and profitability.
  • Underwriting.
  • Investment strategy, asset allocation and management.
  • GAAP and Statutory valuation, with focus on quarterly reserve judgments.
  • ALM and hedging, including changes to ALM modeling and risk profile.
  • Stress testing and scenario analysis.
  • Capital modeling and economic metrics.
  • Outsourcing.
• Carries out deep dive reviews on areas of concern as identified by Corebridge ERM and business management.
• Monitors emerging risks and regulatory developments.
• Review and challenge of strategic transactions.
• Produces quarterly management and Board level risk reports.
• Supports other management and regulatory reporting as necessary, including the CISSA.
• Supports other ERM teams such as Operational Risk, Risk Analytics and Model Validation Group on projects as they relate to the business.

What we are looking for

• 10+ years of experience in Actuarial, Risk, Finance, or related field
• Strong working knowledge of US insurance product features and risks.
• Strong investment product understanding
• Risk management experience preferred
• General competency related to US insurance pricing, valuation (Statutory, GAAP, and Economic), and underwriting.
• Quick learner, with strong analytical skills and attention to detail.
• Well organized with ability to manage concurrent deadlines and multiple priorities.
• Strong team player with demonstrated success working in cross-functional collaborative teams.
• Strong verbal and written communication skills.

What our employees like most about working for Corebridge Financial

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation. 
• Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us?  We put our money where our mouth is! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
• Paid Time Off (Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start and additional paid holidays. 
• A 401(k) Retirement Plan:  Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.

For positions based in [Jersey City, NJ & New York, NY], the base salary range is $170,000-$180,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

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We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected].   Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

RK - Risk

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company